Nigeria’s oil imports surge to billions amid massive refinery boom
Central Bank data reveals a massive three hundred percent increase in crude oil imports.
Zambia realigns US grant to fund critical mineral routes
Zambia plans to upgrade critical road segments in its mining hubs using a shifted US grant.
Algeria buys 600K tonnes of wheat as tender prices hold steady
Algeria’s state grains agency purchased around 600,000 metric tonnes of milling wheat at 259 to 260 dollars a tonne.
Sudan’s currency market fractures as Nyala rate beats Khartoum
Sudan’s exchange rate breaks into competing wartime markets
Sudan bread price jumps 40% as four pieces now cost 1,400 pounds
Bread prices surge again as Sudan’s cost-of-living crisis deepens
Dollar passes 6,000 pounds as Sudan prices spiral
Sudan’s currency collapse is pushing basic goods beyond reach as traders hold back dollars
Apple outsources its new iPhone AI infrastructure to rival Google
Chief Executive Officer Tim Cook reflects emotionally on his tenure during his final summer showcase.
Algeria launches construction on Trans-Saharan Gas Pipeline
Algeria has launched the construction of a new 1,210-kilometer section of the Trans-Saharan Gas Pipeline, a joint project with Nigeria and Niger.
African electric vehicle firm Spiro raises $215 million
New funding helps Spiro expand its battery-swapping stations and electric vehicle fleet.
Moody’s lowers Mali outlook due to rising security concerns
Moody’s has revised Mali’s outlook from stable to negative due to increasing risks from a fragile political environment and a deteriorating security situation.
Oil prices drop sharply as US and Iran look toward diplomacy
Benchmark oil prices dropped by more than five percent as investors wagered on a diplomacy deal.
Zambia expects a historic maize harvest of nearly 5 million tons
Favorable weather drives Zambia toward a record maize crop that surpasses its total annual demand.
India, UAE sign defence and energy deals during Modi visit
The UAE framed Modi’s visit as part of a broader push to expand strategic cooperation with India
Nigeria central bank holds key lending rate at 26.50 percent
Most economists accurately predicted that Nigeria would hold its key interest rate on Wednesday.
Zambia allows producers to resume acid exports to Congo
Zambia eases curbs on sulphuric acid exports to Congo as domestic supply levels finally recover.
S&P warns external shocks could derail South African growth
Rising oil prices and borrowing costs put fresh pressure on the South African coalition government.
Macron announces €23 B investments for Africa growth push
France commits 14 billion euro funding for Africa economic development and strategic cooperation projects.
Republic of Congo seeks IMF talks
IMF technical mission will visit Republic of Congo to discuss new support package after completion of previous loan programme.
Italy and Libya agree to boost energy ties amid turmoil
Prime Minister Meloni and Dbeibah discuss oil and gas investments to secure Italian energy needs.
Stellantis expands African recycling with Morocco
Investment in Casablanca centre aims to meet rising demand for reused auto parts while supporting environmental sustainability goals in Morocco.
Nigeria sees less than half of required crude oil reach refineries
Pricing disputes between producers and refineries have caused a major shortfall in crude supply.
Egypt reveals new gas discovery in Nile Delta area
The petroleum ministry confirms a fresh gas find that boosts Egypt domestic supply capacity.
Gabon starts new investigation into past public debt issues
Gabon looks to stabilize its economy by auditing past debt and engaging with international banks.
Guinea bauxite output jumps 25% as China drives high demand
Government officials plan bauxite export curbs to protect smaller miners from falling prices.